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Indigo posts a loss of 49.6 million for its entire financial year

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(Toronto) Indigo Books and Music on Wednesday posted a $49.6 million loss for its most recent fiscal year, in which a cyberattack crippled its website and payment systems and compromised the personal information of some of its current employees. and old.

The loss per share was $1.78 for the 52 weeks ended April 1, which compared with a profit of $3.3 million, or 12 cents per share, for the prior year.

Annual revenue totaled 1.058 billion, up from 1.062 billion a year earlier.

Indigo also announced on Wednesday the appointment of Donald Lewtas, Joel Silver and Markus Dohle to its board of directors.

Earlier in June, four directors quit the retailer’s board, including Chika Stacy Oriuw, who resigned citing “loss of trust in board leadership, and mistreatment”.

The company also said in a June 7 statement that its founder and CEO Heather Reisman, who stepped down as CEO last year, will retire from the board on August 22.

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